MU · Convergence Trade
Current Spread (mark)
updated 29s ago+0.135%higher than 87% of spread values(window 1D)
long $765.4840 · short $766.5200
Entry Spread (order book)+0.122%on $10,000
long $765.4500 · short $766.3867(average execution prices, not mark)
market median $767.1500· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.14%, but entry and exit cost 0.14% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.14% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$13.53 | -$36.47 | -$86.47 |
| Round-trip fees | −$7.00 | −$7.00 | −$7.00 |
| Slippage(orderbook) | −$6.37 | −$6.37 | −$6.37 |
| Funding drag(est. 1h hold) | −$0.20 | −$0.20 | −$0.20 |
| Net potential | -$0.04 | -$50.04 | -$100.04 |
Breakeven move 0.1357%·Tradeability: 1.0× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~18mintypical time to exit(usually ~6min–~1.1h)
Exit target: spread compresses to the median 0.09% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 28 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.135%
87 pct
Median
+0.089%
Average
+0.088%
P25 → P75
+0.066% … +0.120%
Range
-0.247% … +0.375%
Std dev
±0.057%
tf
LONG
Ondo(dex)
Ondo(dex)- Mark Price
- $765.4840
- Exchange Ticker
- MU-USD.P
- Taker / Maker
- 0.035% / 0.015%
- Funding APR(1h)
- -3.59%
- OI
- $1.78M
- 24h Vol
- $6.21M
SHORT
Lighter Robinhood(dex)
Lighter Robinhood(dex)- Mark Price
- $766.5200
- Exchange Ticker
- MU-USDG
- Taker / Maker
- 0% / 0%
- Funding APR(1h)
- -21.04%
- OI
- $2.45M
- 24h Vol
- $6.04M
284 long / 285 short samples · 2 days · auto-refresh every 30s